Netflix cuts about 6% of jobs: WSJ
Netflix is cutting about 6% of its workforce, or roughly 1000 jobs, the Wall Street Journal reported on Wednesday, citing an email sent to employees.
This marks its biggest round of layoffs since 2022, as the streaming giant faces intense competition for users’ time in a consolidated media market.
Co-chief executives Greg Peters and Ted Sarandos said in an email to employees on Wednesday morning that the bulk of the cuts would be in the streaming giant’s product, tech, legal and human-resources teams, the report said.
